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HunnyDAO Guide
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Introduction
What is HunnyDAO?
HunnyDAO re-invent a technique used by the old central banks to peg its own LOVE token with a basket of decentralized assets (e.g: BUSD, BNB, HUNNY) which is stored in the HunnyDAO treasury. By having a basket of multiple assets, HunnyDAO is able to give its LOVE token an intrinsic value (IV) that it cannot fall below and at the same time allow the LOVE token to float above the value of the backed assets.
A differentiating factor of HunnyDAO as compared to others is that HunnyDAO will introduce a secondary treasury that is backed by the profits of the Hunny ecosystem which includes HunnyPlay, HunnyPoker and others, since we have been around and our established products have been generating revenue, we are not only able to back HunnyDAO with assets received in the treasuries but we are also able to ensure longevity with the constant growth of Hunny’s entire ecosystem.
HunnyDAO also introduces unique economic and game-theoretic dynamics into the market through staking and bonding. Read more about the game theory here.
How to join HunnyDAO?
The 2 main strategies are staking and bonding. Stakers can stake their LOVE tokens in return for more LOVE tokens, while bonders provide their LP, BUSD and other tokens in exchange for LOVE at a discounted price after a fixed vesting period.
What do I gain from joining HunnyDAO?
For Stakers:
The main benefit for stakers comes from supply growth. HunnyDAO mints new LOVE tokens from the treasury, the majority of which are distributed to the stakers. Thus, the gain for stakers will come from their auto-compounding balances, though price exposure remains an important consideration. That is, if the increase in token balance outpaces the potential drop in price (due to inflation), stakers would make a profit.
For Bonders:
The main benefit for bonders comes from price consistency. Bonders commit capital upfront and are promised a fixed ROI at a set point in time with varying price discounts; that return is in LOVE and thus the bonder's profit would depend on LOVE price when the bond matures. Bonders will benefit from a rising or static LOVE price.
Who are the creators of HunnyDAO?
HunnyDAO is built by Team Hunny. We are a group of developers who are very much into yield farming and trading ourselves. We are also the creators of the yield optimising platform - Hunny.Finance & the i-Gaming platform - HunnyPlay.
Last modified 11d ago